closed-end investment company

[klohzd-end in-vest-muhnt kuhm-puh-nee]

noun

1. an investment company that issues its shares in large blocks at infrequent intervals and is not obligated to redeem or repurchase them.

Example Sentences

The closed-end investment company posted revenue of $20.8 million in the period.

From Seattle Times

The letter provides a monthly performance overview for BH Global Ltd., a closed-end investment company listed on the London Stock Exchange with its assets in Brevan Howard fund strategies.

From BusinessWeek

Related Words

• holding company 
• investment firm www.thesaurus.com
• investment house www.thesaurus.com
• investment trust